Puff Wealth Management LLC Makes New $1.14 Million Investment in Alerian MLP ETF $AMLP

Puff Wealth Management LLC bought a new position in Alerian MLP ETF (NYSEARCA:AMLP) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 22,004 shares of the exchange traded fund’s stock, valued at approximately $1,141,000. Alerian MLP ETF comprises approximately 1.2% of Puff Wealth Management LLC’s portfolio, making the stock its 26th biggest holding.

Several other institutional investors also recently modified their holdings of AMLP. Global Trust Asset Management LLC increased its stake in shares of Alerian MLP ETF by 600.0% during the first quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 600 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Alerian MLP ETF in the fourth quarter worth $43,000. Whittier Trust Co. of Nevada Inc. raised its position in Alerian MLP ETF by 800.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 1,000 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Alerian MLP ETF during the fourth quarter valued at approximately $57,000. Finally, Palladiem LLC bought a new position in Alerian MLP ETF during the fourth quarter valued at approximately $60,000.

Alerian MLP ETF Trading Down 1.2%

Shares of AMLP stock opened at $54.36 on Friday. Alerian MLP ETF has a 12-month low of $44.64 and a 12-month high of $55.62. The firm’s 50 day moving average is $52.96 and its 200 day moving average is $52.39. The stock has a market capitalization of $12.77 billion, a P/E ratio of 14.17 and a beta of 0.50.

Alerian MLP ETF Company Profile

ALERIAN MLP ETF seeks investment results that correspond (before fees and expenses) to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index (the Index). The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership (MLP) asset class. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).